ARF plus STA = AustralianSuper
The directors of the merged Australian Retirement Fund and the Superannuation Trust of Australia have gone for an easily recognised brand for the new 1.1 million member, $20 billion entity — AustralianSuper.
The directors announced in Melbourne yesterday that they had selected AustralianSuper as the new name for the fund after commissioning Richard Henderson to undertake the re-branding exercise.
Announcing the change, the chair of the new fund, Geoff Ashton, said the merger had not simply been aimed at creating the largest superannuation fund, but at utilising its size to deliver improved superannuation products and services to members.
He said that as of July 1, members would have access to an extended range of 15 member investment options, along with substantially improved insurance products, with in-house retirement income products also on the agenda.
AUTHOR
Mike Taylor
Recommended for you
Australia’s largest super funds have deepened private markets exposure, scaled internal investment capability, and balanced liquidity as competition and consolidation intensify.
The ATO has revealed nearly $19 billion in lost and unclaimed super, urging over 7 million Australians to reclaim their savings.
The industry super fund has launched a new digital experience designed to make retirement preparation simpler and more personalised for its members.
A hold in the cash rate during the upcoming November monetary policy meeting appears to now be a certainty off the back of skyrocketing inflation during the September quarter.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
225.31 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
120.73 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
61.94 3 y p.a(%)
